HBK Sorce Advisory LLC Grows Holdings in Booking Holdings Inc. $BKNG

HBK Sorce Advisory LLC lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151 shares of the business services provider’s stock after purchasing an additional 8 shares during the period. HBK Sorce Advisory LLC’s holdings in Booking were worth $874,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Wealth Preservation Advisors LLC purchased a new position in shares of Booking during the 1st quarter valued at approximately $28,000. Atwood & Palmer Inc. purchased a new stake in Booking in the 2nd quarter worth $29,000. Keystone Global Partners LLC acquired a new position in Booking during the first quarter worth $32,000. O Brien Wealth Partners LLC purchased a new position in Booking during the second quarter valued at $35,000. Finally, First PREMIER Bank lifted its holdings in Booking by 100.0% during the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Robert W. Baird set a $6,325.00 target price on shares of Booking in a research note on Wednesday. Wells Fargo & Company boosted their price objective on Booking from $5,443.00 to $5,523.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Rothschild & Co Redburn increased their target price on Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a report on Thursday. BMO Capital Markets restated an “outperform” rating and issued a $6,000.00 target price (up previously from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Susquehanna boosted their price target on Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $6,117.90.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 625 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the completion of the sale, the chief executive officer directly owned 22,982 shares in the company, valued at approximately $118,162,642.46. This trade represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the transaction, the director directly owned 732 shares in the company, valued at $3,873,729.36. This trade represents a 2.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 3,197 shares of company stock valued at $17,260,963. 0.16% of the stock is owned by company insiders.

Booking Price Performance

Shares of Booking stock opened at $5,080.21 on Friday. The stock’s 50 day simple moving average is $5,394.07 and its 200-day simple moving average is $5,384.14. The stock has a market cap of $164.65 billion, a P/E ratio of 33.02, a P/E/G ratio of 1.57 and a beta of 1.35. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. The firm had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $83.39 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be given a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.8%. Booking’s payout ratio is presently 24.96%.

Booking Company Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.